Palisades Investment Partners LLC Buys 11,700 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Palisades Investment Partners LLC lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,956 shares of the construction company's stock after acquiring an additional 11,700 shares during the quarter. Sterling Infrastructure accounts for about 8.2% of Palisades Investment Partners LLC's portfolio, making the stock its largest position. Palisades Investment Partners LLC owned 0.38% of Sterling Infrastructure worth $19,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of STRL. Bay Rivers Group acquired a new position in Sterling Infrastructure in the fourth quarter valued at $341,000. Convergence Investment Partners LLC boosted its stake in shares of Sterling Infrastructure by 47.7% during the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after buying an additional 3,002 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock worth $111,873,000 after buying an additional 49,008 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth about $253,000. Finally, Spire Wealth Management boosted its stake in shares of Sterling Infrastructure by 265.1% during the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock worth $1,481,000 after buying an additional 6,384 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on STRL shares. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Thursday, February 27th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Sterling Infrastructure Price Performance

Shares of STRL traded up $4.92 during mid-day trading on Tuesday, reaching $189.32. 252,239 shares of the company's stock were exchanged, compared to its average volume of 740,071. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The company has a 50-day simple moving average of $148.03 and a two-hundred day simple moving average of $156.44. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.28 and a beta of 1.27. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.